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EURUSD Technical chart | 14-Dec-2011

 Below is the updated technical chart of EURUSD with Doda-Doanchin and Doda-Bollinger Bands indicator.

EURUSD Technical chart
EURUSD Technical chart

After getting sell signals from our indicators as mentioned above, EURYSD started its downward journey. But it is trading now at very major support level viz. @1.30987. This level has been calculated by various support and resistance levels, Fibonacci ratios etc. on weekly chart. The currency pair must bounce back from these levels in short term. If it breaks this level, then next support level is at 1.28648.

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